Income tax on salary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 March 2014 i a person earn Rs. 600000/- as salary ( 50000/- PM including Rs. 6000/- HRA)for FY-2014-2015, & he has invest Rs. 100000 in U/S 100000, Rs. 25000/- in U/s D, & donation Rs. 100000 in U/S 80 G ( 50% exempt )
what will be the tax liability
please answer

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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24 March 2014 With an assumption of you paying House rent per month is more than Rs.12,500/-p.m then your total tax liability for A.Y 2014-15 is Rs.17752.00

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Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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24 March 2014 As well as provide to which scheme you donated Rs.100000/- because of depending on the donated scheme the eligible u/s 80G shall changes. In my reply i assumed you donated to general scheme, so for correct tax calculation please provide the following details,

1) your age as on 31-3-2014
2) Name of the scheme on organisation you made donation
3) your monthly rent payment towards house rent.

OM SAI SRI SAI JAI JAI SAI

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Querist : Anonymous

Querist : Anonymous (Querist)

24 March 2014 ok.
33 years old
donation under 50 % exemption.( donation to an NGO for education purpose)
monthly Rent is 5500/- in gurgaon

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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24 March 2014 Then you tax liability is Rs.23,506/-

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Querist : Anonymous

Querist : Anonymous (Querist)

24 March 2014 can u please send me the details of calculation over this

thanks

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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24 March 2014 Please send your email ID because of presentation at excel sheet more clear than presenting here. i will mail you the excel sheet with details notes and explanation.

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Querist : Anonymous

Querist : Anonymous (Querist)

24 March 2014 ok sir,

mail.pdubey@gmail.com

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Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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24 March 2014 I send mail to you, please confirm me the receipt of mail. And after that mail still you have any query please reply with your doubt.

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